International Trade Helps Hong Kong Climb to No. 2 in Global Competitiveness Hong Kong has climbed to second place in the World Competitiveness Yearbook 2026, marking its third straight year of improvement and its highest ranking since 2019. Government Efficiency and Infrastructure Lead Performance The city’s strong performance was driven by high scores in government…
Hong Kong Seeks New Growth Opportunities in Central Asia Hong Kong will lead a trade delegation to Kazakhstan and Uzbekistan in June as the city looks to expand international trade opportunities beyond its traditional markets. The visit is expected to strengthen business partnerships and create new opportunities for economic development across Central Asia. According to==…
Hong Kong Climbs to be One of Top 5 Global Trading Entities Amid Challenging Conditions Hong Kong is now the world’s fifth-largest merchandise trading entity, according to the latest Global Trade Outlook & Statistics report released by the World Trade Organization for 2025. The city rose two places compared to the previous year in the…
Hong Kong Pushing to Attract More Mainland Enterprises Hong Kong is increasing its efforts to attract Mainland China enterprises into the region with a multipronged strategy, as announced by officials at a recent spring reception. According to the officials, the launch of the 15th Five-Year Plan is a decisive phase for national growth. Moreover, Hong…
Hong Kong Strengthening Global Lead in Digital Asset Regulation with Tokenisation and AI Innovation Lately, Hong Kong has positioned itself as a global leader in digital asset regulation via tokenised finance. The government has issued the world’s first tokenised green bond, while also setting up the largest digital green bond issuance, totaling $10 billion across…
Free Trade Agreement (FTA) Transshipment Facilitation Scheme Extended, Now Also Covers Peru Hong Kong’s Customs and Excise Department has extended the Free Trade Agreement (FTA) Transhipment Facilitation Scheme to include cargo transhipped from the Mainland to Peru via Hong Kong. As a result, traders operating businesses between the two countries can now benefit from expanded…
Hong Kong October Retail sales up 6.9%, Showcasing Strong Economic Support According to the census and statistics department of Hong Kong, the total value of retail sales in October has gone up 6.9% with a provisional estimation of $35.2 billion. This estimate was 5.3% higher year-on-year after factoring out the effect of the price changes…
Hong Kong Economy Records 3.8% Growth in the Third Quarter Hong Kong economy data for the third quarter has shown an optimistic rise, with latest figures of 3.8% growth pointing to an improvement across major sectors. The region continues to adjust to global shifts while maintaining strong resilience. Growth Trends in the Third Quarter Official…